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Cross acceleration - ISDA Provision: Difference between revisions
Cross acceleration - ISDA Provision (view source)
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{{subtable|'''ISDA’s Cross Default clause in full'''<br> | {{subtable|'''ISDA’s Cross Default clause in full'''<br> | ||
{{ISDA Master Agreement 2002 5(a)(vi)}} | {{ISDA Master Agreement 2002 5(a)(vi)}} | ||
}}}} | }}}}“[[Cross acceleration]]” is not an ''actual'' ISDA {{isdaprov|Event of Default}}, but it is what ''happens'' to an actual ISDA {{isdaprov|Event of Default}} — namely, the much-negotiated, seldom-used Section {{isdaprov|5(a)(vi)}}, {{isdaprov|Cross Default}}, if you can persuade your [[credit department]] to water it down to something sensible. | ||
==What and how== | ==What and how== | ||
===Cross acceleration: what ''is'' it?=== | ===Cross acceleration: what ''is'' it?=== | ||